Jackson Creek Investment Advisors LLC Acquires Shares of 8,210 PJT Partners Inc. $PJT

Jackson Creek Investment Advisors LLC acquired a new stake in shares of PJT Partners Inc. (NYSE:PJT) during the fourth quarter, HoldingsChannel reports. The fund acquired 8,210 shares of the financial services provider’s stock, valued at approximately $1,373,000.

A number of other hedge funds have also added to or reduced their stakes in PJT. Royal Bank of Canada increased its position in PJT Partners by 45.7% during the 1st quarter. Royal Bank of Canada now owns 11,471 shares of the financial services provider’s stock valued at $1,581,000 after purchasing an additional 3,596 shares during the period. AQR Capital Management LLC increased its position in PJT Partners by 57.7% during the 1st quarter. AQR Capital Management LLC now owns 7,330 shares of the financial services provider’s stock valued at $1,011,000 after purchasing an additional 2,681 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in PJT Partners by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,887 shares of the financial services provider’s stock valued at $1,915,000 after purchasing an additional 620 shares during the period. Millennium Management LLC increased its position in PJT Partners by 1,394.5% during the 1st quarter. Millennium Management LLC now owns 52,563 shares of the financial services provider’s stock valued at $7,247,000 after purchasing an additional 49,046 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in PJT Partners by 5.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 370,536 shares of the financial services provider’s stock valued at $51,090,000 after purchasing an additional 19,806 shares during the period. 89.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, General Counsel David Adam Travin sold 3,000 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $152.43, for a total transaction of $457,290.00. Following the sale, the general counsel directly owned 2,052 shares of the company’s stock, valued at approximately $312,786.36. This represents a 59.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Helen T. Meates sold 8,000 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $153.19, for a total transaction of $1,225,520.00. Following the sale, the chief financial officer directly owned 58,466 shares in the company, valued at $8,956,406.54. This trade represents a 12.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 10.98% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. The Goldman Sachs Group raised shares of PJT Partners from a “neutral” rating to a “buy” rating and set a $170.00 price objective on the stock in a research report on Wednesday, April 1st. Keefe, Bruyette & Woods upped their target price on shares of PJT Partners from $166.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Zacks Research downgraded shares of PJT Partners from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. UBS Group upped their target price on shares of PJT Partners from $152.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen downgraded shares of PJT Partners from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $173.33.

PJT Partners Price Performance

NYSE:PJT opened at $154.23 on Thursday. The firm’s 50-day moving average price is $149.19 and its 200-day moving average price is $159.73. The company has a market capitalization of $3.98 billion, a PE ratio of 22.48 and a beta of 0.86. PJT Partners Inc. has a 1-year low of $127.73 and a 1-year high of $195.62.

PJT Partners (NYSE:PJT) last released its earnings results on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.03. The firm had revenue of $418.20 million for the quarter, compared to the consensus estimate of $409.38 million. PJT Partners had a net margin of 10.32% and a return on equity of 32.00%. The company’s revenue was up 28.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 EPS. Equities analysts anticipate that PJT Partners Inc. will post 7.5 EPS for the current fiscal year.

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, June 3rd. PJT Partners’s dividend payout ratio is 14.58%.

PJT Partners Profile

PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm’s dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.

The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.